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Spreading of the FATF ideas is one of the important directions of the activity of Rosfinmonitoring. That is why at the FATF plenary meeting in Stockholm in October 2003 the Russian Federation initiated establishment of a group for the countries of the Eurasian region that were not included in the sphere of the existing FATF-style structures.
The Eurasian Group on combating money laundering and financing of terrorism (EAG) is a FATF-style regional body founded on October 6, 2004 by decision of the Inaugural Conference of six states – Belarus, China, Kazakhstan, Kyrgystan, Russia and Tajikistan. Uzbekistan joined the EAG in 2005.
The EAG observership comprises 16 states: Afghanistan, Armenia, Georgia, Germany, France, India, Italy, Japan, Lithuania, Moldova, Poland, Turkey, Turkmenistan, Ukraine, United Kingdom, USA,
as well as 12 international organizations: Financial Action Task Force (FATF), World Bank, International Monetary Fund (IMF), Council of Europe (MONEYVAL), Interpol, Organization on Security and Cooperation in Europe (OSCE), United Nations Office on Drugs and Crime (UNODC), European Bank for Reconstruction and Development (EBRD), Commonwealth of Independent States (CIS) Executive Committee, Shanghai Cooperation Organization (SCO), Collective Security Treaty Organization (CSTO), Eurasian Economic Community (EurAsEC).
The EAG key tasks cover:
- promotion of international AML/CFT standards throughout Eurasia and their implementation by the EAG member states;
- drawing up and delivery of joint AML/CFT training projects within the FIU sphere of competence;
- carrying out mutual evaluations of the AML/CFT regime in the EAG member states;
- harmonization of cooperation programs with international organizations, working groups and pertinent states;
- study of ML/FT typologies and good practice exchange in addressing issues of concern considering regional particularities;
- provision of technical assistance to the EAG member states.
To implement the EAG Primary Objectives operate three working groups: Working Group on Mutual Evaluations and Legal Issues (WGEL), Working Group on Typologies (WGTYP) and Working Group on Technical Assistance (WGTA). The EAG Secretariat is located in Moscow.
The EAG updated the Schedule of mutual evaluations of the EAG member states national AML/CFT regimes compliance with international standards. The EAG carries out mutual evaluations among its membership consistent with the FATF AML/CFT assessment methodology 2004.
All the key activities such as Plenaries, Working Group meetings, Seminars for evaluation experts, Donor Conferences are carried out with the active assistance of the representatives of the FATF, IMF, WB, MONEYVAL, UNODC, Moneyval, World Bank, USA, the UK, Ukraine, the USA and others.
To support participation of the Russian Federation in the EAG activity, according to order of the Government of the Russian Federation No. 1989-r dated November 21, 2005, the autonomous non-commercial organization «International training and methodology center on financial monitoring» has been established.
For further information about the EAG and its members see its website:
www.euroasiangroup.org
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